Inuvo (NYSE:INUV) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of Inuvo (NYSE:INUV) in a research report issued on Friday. The brokerage set a “hold” rating on the stock.

Separately, Maxim Group raised shares of Inuvo to a “strong-buy” rating in a research report on Friday, November 8th.

Inuvo Stock Performance

NYSE INUV opened at $0.72 on Friday. Inuvo has a one year low of $0.19 and a one year high of $0.79. The stock has a 50-day moving average of $0.33 and a 200 day moving average of $0.29. The company has a market capitalization of $100.46 million, a price-to-earnings ratio of -11.92 and a beta of 1.20.

Hedge Funds Weigh In On Inuvo

A hedge fund recently raised its stake in Inuvo stock. Bard Associates Inc. raised its holdings in shares of Inuvo, Inc. (NYSE:INUV) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,234,177 shares of the company’s stock after buying an additional 279,100 shares during the period. Bard Associates Inc. owned about 3.02% of Inuvo worth $1,044,000 at the end of the most recent quarter. Institutional investors own 29.36% of the company’s stock.

About Inuvo

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.